According to Robin Leach, MGM CEO Scott Sibellus has just announced plans for a major EDM festival to take place at the Motor Speedway this summer:
The MGM CEO hopes 2nd festival 2b this summer at Motor Seedway and doesn't envision any reluctance on part of 130,000 fans "demand is there'— Robin Leach (@Robin_Leach) April 18, 2013
Up to this point EDC Las Vegas was the only festival to use the Las Vegas Motor Speedway grounds for a major event. But it now seems that major casinos are interested in getting into the festival business. With MGM now home to the new Hakkasan super club and popular Wet Republic establishments, adding a major festival to their roster of events is a bold move in the ultra-competitive Las Vegas landscape.